Héroux-Devtek: Rises on Q3 profit, revenue beat

Heroux Devtek

05/02/2021 15:17

** Shares of aerospace products manufacturer  HRX.TO  up ~7%
at C$15.12
    ** Co posts Q3 adj income of C$0.26/share above estimate of
C$0.16/share, according to Refinitiv IBES  urn:newsml:reuters.com:*:nCNWQC1kVa
    ** Reports Q3 revenue of C$150.3 mln ($117.56 mln) above
estimate C$140 mln
    ** Co's Q3 defence sales were up 21% largely fuelled by the
ramp-up of deliveries under the Boeing F-18, Sikorsky CH-53K and
Saab Gripen-E programs
    ** HRX shares are up 4% YTD, as of last close

($1 = 1.2785 Canadian dollars)

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))